As redevelopment agencies across the state of California get the ax, local city council members voted to sell bonds to JP Morgan in a last effort to protect funds for local projects. Under Gov. Jerry Brown’s budget, the tax revenue meant for redevelopment agencies would be redirected to the state.
Unions in Wisconsin are protesting against the possibility of losing their collective bargaining rights. As students against the emerging American plutocracy, we support their efforts.
The amount of green has exploded, and is growing. We’re not talking about Earth Day. Or even 4/20. We’re talking about the $5.4 billion in bonuses being shoveled into the bank accounts of executives at investment firm Goldman Sachs. The incentives serve as a reward for making risky financial transactions that can tear an entire [...]
Auditors will focus on the University of California Office of the President’s spending.
If the global financial system is a planet, then the implosion in 2008 was just its surface. “It looked like a Rube Goldberg type of device,” said Daniel Friedman, Ph.D., an alumnus and professor of economics at UC Santa Cruz who delivered the 44th annual Faculty Research Lecture on Monday at the Music Center Recital Hall.
State funding cuts to the UC isn’t new. Contributions to the UC’s budget from the state of California have almost halved in the past 40 years. This coincides with the steady increase in student’s fees. The Regents measure to raise fees by 10.3 percent will mark the fifteenth time UC undergraduates have experienced an at least 10 percent increase in their cost of education from the previous year.
The UC Board of Regents’ Committee of Finance passed two undergraduate educational fee increases — a 15 percent mid-year increase which will take effect in January, coupled with another 15 percent increase for the 2010-2011 school year.
How much does a modern California education cost? For many students, it costs a lot more than just money. Economically desperate students turn to prostitution as a means to stay in school.
President Obama inherited a giant mess of a country. He deserves more than 10 months before the country gives up on him.